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The Precious Metals Week in Review – September 20th, 2024.

The Precious Metals Week in Review – September 20th, 2024

U.S. stock indices fluctuated with FedEx earnings acting as a reality check after recent highs. Gold futures hit record prices over $2600 amidst economic uncertainty and anticipation of Fed rate cuts. Silver showed significant gains with a 10% rise, benefiting from positive investor expectations. The labor market showed improvement with a reduction in unemployment claims. Oil prices dipped despite a notable Fed rate cut, and currency trading saw significant movements with the USD/JPY rallying and EUR/USD facing pressure. Investors continued diversifying into precious metals as a hedging strategy.

The Precious Metals Week in Review – December 8th, 2023.

The Precious Metals Week in Review – December 8th, 2023

Gold went on a run late last week, setting an all-time record high last Friday and breaking the $2,100 level for a brief time in overseas trading Sunday night.

Gold’s Highest Quarterly Close in History

As we move into the second half of 2020, gold is increasingly likely to serve as an effective and necessary hedge, particularly in light of the Fed’s dovish stance, ongoing geopolitical conflicts, and the risks associated with the recession, stock market volatility, and US election.

Getting Nervous About the Stock Market? Here’s Your Antidote.

Getting Nervous About the Stock Market? Here’s Your Antidote.

By Jeff Clark, Senior Analyst, GoldSilver and Adviser for Strategic Wealth Preservation. If you didn’t catch it, gold has passed the S&P 500 in year-to-date performance. Through August 12, gold is up 18.1%, while the S&P has risen 13.8%. Silver is nipping its heels, now up 10.2% YTD. But what is perhaps more significant is…